Twitter reportedly held talks to acquire Clubhouse for $4 billion

World-famous social media company Twitter reportedly held discussions ‘in recent months’ to acquire popular audio-chat app Clubhouse for $4 billion, according to people close to the matter.

As reported by Bloomberg, the people who requested to remain anonymous said that the talks between the companies ended due to unknown reasons. 

Speaking to Insider, a Twitter spokesperson said; “We don’t comment on rumors or speculation.“

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The invite-only audio chat app has seen a great increase in downloads after Elon Musk’s chat with Robinhood CEO on the platform. As we wrote in a previous article, Clubhouse is reportedly in talks to raise funds at $4 billion valuation. 

Also Read:   Everything you need to know about Clubhouse app

In fact, Twitter recently introduced a Clubhouse-like audio-chat feature called Spaces which will be made available for everyone this month. The company plans to monetize Spaces with the Tip Jar feature which will allow users to support people they follow with donations. 

Meanwhile, Twitter is not the only platform working on its own version of Clubhouse. Telegram recently launched Broadcast Groups and Discord launched Stage Channels which are very similar to what Clubhouse offers. 

In addition, Facebook and LinkedIn confirmed they’re developing voice-chat features and ByteDance is reportedly working on a similar product following the China ban on Clubhouse.